Profitable Contracting
This six-hour course will help contractors develop strategies to reduce costs, control expenses and improve cash flow. It will help with recognizing problem projects, identify unwanted expenses, increase productivity and manage overhead expenses.
Description
This course is designed specifically for construction professionals looking to overcome the industry's most difficult financial and operational challenges. In just two half-day sessions, you'll learn practical, proven strategies to cut unnecessary costs, improve cash flow and boost overall profitability. You’ll also learn how to address common issues such as labour shortages, excessive overhead and over-budget projects.
Experience an interactive, hands-on course that goes beyond traditional lectures. Learn through real examples, group discussions and collaborative exercises – all designed to help you boost profitability, reduce costs and improve cash flow.
Profitability Tools
In construction, simply completing projects isn’t enough—profitability, efficiency, and financial control are critical for long-term success. Backed by over 35 years of industry and management experience, this course equips you with the tools to:
- Master Financial Management – build a base of construction-specific financial reports.
- Control Costs – cut waste, lower overhead, and improve labor efficiency.
- Improve Cash Flow – navigate cash shortages and strengthen liquidity.
- Increase Profitability – enhance cost controls, planning, and reporting accuracy.
- Enable Growth – build a strong financial foundation for sustainable growth.
- Control Risks with proven strategies – review bonding and insurance types.
- Protect & Optimize company assets – how internal controls prevent against fraud.
- Solve Skilled Labour Shortages – explore inclusive and strategic hiring practices.
- Eliminate Productivity Gaps – understand direct, indirect, and opportunity costs.
- Define Project Managers’ Roles: identify performance goals.
- Reduce overhead & Safeguard Financial Health: learn cost-control techniques.
Intended Audience
- Contractors and sub-trades in all fields of construction—generals, HVAC, electrical, plumbing, sheet metal, roofers and more.
- Aspiring business owners looking to turn their skills into a profitable, sustainable business.
- Experienced contractors who want to increase profitability, streamline operations, and grow their business.
Speaker
Wayne Newell
Wayne Newell has over 35 years financial and operational leadership in the construction, service and manufacturing sectors across Canada, the U.S., and the Caribbean. A CMA since 1972, Wayne has trained and mentored more than 4,000 professionals in the past 20+ years. His courses are known for being clear, relevant and results-focused, helping contractors improve performance and profitability.
Related Info
Webcams and a computer/laptop are mandatory. This course involves on-screen interaction with your instructor and classmates, reading/viewing on-screen content like slides or videos, and interacting via typing with questions or responses. For this reason, cell-phones or tablets may not be adequate.
Access information and the course manual will be provided to you by your association via email in advance of the training.